New Louisiana Angel Fund

BRF spearheaded the formation of the New Louisiana Angel Fund 1 (NLAF 1) in 2014 to fill the gap resulting from a regional lack of organized investment resources for startups. NLAF 1 is the first north Louisiana angel investor group and meets monthly to evaluate for startups for funding.

To ensure a vibrant innovation ecosystem, north Louisiana needs a well-managed investor fund comprised of accredited investors who meet regularly to evaluate marketable opportunities. The New Louisiana Angel Fund 1 (NLAF 1) was created in 2015 to provide funding to entrepreneurs and investment opportunities to accredited investors who want to promote the growth of business initiatives in Shreveport-Bossier and north Louisiana. The member-managed fund was organized by the BRF.

NLAF 1 is now syndicated with investor groups in New Orleans, Austin, Dallas, Houston and Baton Rouge, which provide opportunities for additional funding of its startup companies. In addition, NLAF 1 angels may participate with “side car” deals, whereby members can individually make additional investments in an NLAF 1-funded company. In 2015, NLAF 1 closed its fund with $2.675 million raised from 53 investors, and invested $1.045 million in eight companies. These companies raised an additional $11.574 million from other sources, including other syndicated angel groups and side car investments.

The Innovation Model

SOURCES FOR IDEAS

State & regional higher ed faculty, staff and students

Community individuals

Angel networks & investors

Accountants/lawyers and other professionals

Marketing and public relations

EAP SERVICES

Market Analysis

Financial Analysis

Business Plan Development

Creating the Pitch

NLAF 1: ACCESS TO CAPITAL

Angel Funding

Side car Funding

Venture Capital

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